Iran’s oil exports lowest since early 2016
The Iranian regime’s oil exports are falling drastically Prior to the implementation of U.S. oil sanctions scheduled for November 4 th , the Iranian regime’s oil exports reached its lowest rates in the past two and half years, according to Bloomberg news agency. According to agencies monitoring oil shipments, Iran’s crude oil and gas condensates exports in September fell to 1.72 million barrels per day (bpd). This indicates a 260,000 bpd decrease and are the lowest numbers since February 2016. Reports also indicate India has no intention of purchasing oil from Iran in November. India joins a list of various countries, including South Korea and Japan, declaring their cooperation with U.S. sanctions. France, the Netherlands and South Korea have not purchased any oil from Iran during the past two months. Iran’s oil exports to Italy and the United Arab Emirates have dropped. Iran’s oil exports will most likely decrease to less than 2 million barrels per day, according to a r...